The Turnbull Government’s Response to the Financial System Inquiry.

The Government has adopted all but one of the 44 recommendations of the Financial System Inquiry (FSI) all of which had received wide support as being necessary policy changes. Overall the net result should: Strengthen the resilience of the financial system Lift the value of the superannuation system and retirement incomes Modestly promote some more competition Lead to… Read More

Murray Response: More Work Needed.

Originally published in the Australian Financial Review on 26 Oct, 2015. “The Turnbull government’s response to the Murray Report includes some useful first steps towards a more coherent, effective and sustainable retirement income system.  But there is much more to be done.” Fortunately, Turnbull’s recent positive language emphasising workforce participation, savings and investment, productivity and… Read More

Time to Deal with Super System’s Flaws

Originally published in the Australian Financial Review on 3 May 2015. “Australia’s visionary retirement system needs an overhaul that will return it to the spirit of its original purpose –  a decent retirement for everyone”, writes CSRI executive director Patricia Pascuzzo. The decision by the Hawke-Keating government to introduce the superannuation system, allowing the majority of workers… Read More